Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Cuts Position in Hecla Mining Company (NYSE:HL)

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. trimmed its position in shares of Hecla Mining Company (NYSE:HL - Free Report) by 54.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,700 shares of the basic materials company's stock after selling 44,600 shares during the period. Hecla Mining makes up approximately 0.9% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s holdings, making the stock its 18th biggest holding. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s holdings in Hecla Mining were worth $210,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of HL. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Hecla Mining during the 1st quarter valued at $31,000. PFG Investments LLC purchased a new stake in shares of Hecla Mining in the first quarter valued at $56,000. Ground Swell Capital LLC bought a new stake in shares of Hecla Mining in the 4th quarter worth about $57,000. Hohimer Wealth Management LLC bought a new stake in shares of Hecla Mining in the 1st quarter worth about $58,000. Finally, CTC Alternative Strategies Ltd. purchased a new position in shares of Hecla Mining during the 4th quarter worth about $59,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HL has been the subject of several analyst reports. National Bankshares set a $7.00 price objective on shares of Hecla Mining in a research note on Friday, June 13th. Roth Capital reissued a "neutral" rating and set a $6.00 price target on shares of Hecla Mining in a research note on Tuesday, July 1st. TD Securities cut their price objective on Hecla Mining from $6.00 to $5.00 and set a "hold" rating on the stock in a research report on Monday, May 5th. National Bank Financial upgraded Hecla Mining to a "hold" rating in a research note on Thursday, June 12th. Finally, BMO Capital Markets restated a "market perform" rating and issued a $5.50 price target (down from $7.50) on shares of Hecla Mining in a report on Monday, May 5th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Hecla Mining presently has a consensus rating of "Hold" and an average target price of $7.07.

Hecla Mining Price Performance

HL opened at $5.69 on Friday. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of 51.73 and a beta of 1.27. The company has a current ratio of 1.43, a quick ratio of 0.75 and a debt-to-equity ratio of 0.25. Hecla Mining Company has a 12-month low of $4.41 and a 12-month high of $7.68. The business's fifty day simple moving average is $5.91 and its 200-day simple moving average is $5.62.

Hecla Mining (NYSE:HL - Get Free Report) last issued its earnings results on Thursday, May 1st. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). Hecla Mining had a return on equity of 3.87% and a net margin of 7.13%. The business had revenue of $261.34 million for the quarter, compared to the consensus estimate of $238.50 million. During the same quarter in the previous year, the company earned ($0.01) earnings per share. The firm's revenue was up 37.9% on a year-over-year basis. On average, equities research analysts anticipate that Hecla Mining Company will post 0.21 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Catherine J. Boggs purchased 20,000 shares of Hecla Mining stock in a transaction dated Wednesday, May 7th. The stock was purchased at an average cost of $4.99 per share, with a total value of $99,800.00. Following the transaction, the director owned 348,169 shares in the company, valued at approximately $1,737,363.31. The trade was a 6.09% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Stuart Maurice Absolom sold 18,926 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $6.66, for a total value of $126,047.16. Following the sale, the vice president directly owned 59,410 shares in the company, valued at approximately $395,670.60. The trade was a 24.16% decrease in their position. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by company insiders.

About Hecla Mining

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.

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